Pakistan cuts petrol, diesel prices as rupee strengthens against dollar 

This picture taken on January 30, 2023, shows a man filling petrol in his motorcycle at a gasoline station in Pakistan's port city of Karachi. (AFP/File)
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Updated 16 July 2023
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Pakistan cuts petrol, diesel prices as rupee strengthens against dollar 

  • Finance Minister Ishaq Dar says government decreased prices following rupee’s recovery against dollar 
  • The greenback closed at Rs277.59 in the interbank market on Friday at the close of the weekend session 

ISLAMABAD: The Pakistani government has reduced the prices of petrol and high-speed diesel by Rs9 per liter, Finance Minister Ishaq Dar announced late Saturday after the local currency gained some lost ground against the US dollar. 

The South Asian country revises the prices of petroleum products every fortnight and has increased the rates over the last year to comply with tough conditionalities imposed by the International Monetary Fund (IMF) for a bailout package. 

The increase in petroleum prices, along with global supply chain constraints and an economic meltdown, pushed inflation to historic highs in Pakistan, which eased to 29.4 percent in June for the first time in the last several months. 

Finance Minister Dar announced late Saturday the government had decreased the price of petrol and high-speed diesel following the rupee’s gains against the greenback. 

“In the international market... there was a decline in [the price of] one item and increase in the other,” he said in a televised address. “This has been compensated [by] the Pakistani rupee which has improved in the last 15 days.” 

After the reduction in prices, a liter of petrol was now available for Rs253, while that of high-speed diesel was Rs253.5, the minister added. 

The development comes amid some recovery in the value of rupee on the back of Pakistan’s $3 billion bailout deal with the IMF. 

The greenback closed at Rs277.59 in the interbank market on Friday at the close of the weekend session. 


Security forces kill four militants in Pakistan’s volatile southwest, military says

Updated 13 January 2026
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Security forces kill four militants in Pakistan’s volatile southwest, military says

  • Balochistan, Pakistan’s largest province by land area bordering Iran and Afghanistan, has long been the site of a low-level insurgency
  • The Balochistan government has recently established a threat assessment center to strengthen early warning, prevent ‘terrorism’ incidents

ISLAMABAD: Pakistani security forces gunned down four militants in an intelligence-based operation in the southwestern Balochistan province, the military said on Tuesday.

The operation was conducted in Balochistan’s Kalat district on reports about the presence of militants, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing.

The “Indian-sponsored militants” were killed in an exchange of fire during the operation, while weapons and ammunition were also recovered from the deceased, who remained actively involved in numerous militant activities.

“Sanitization operations are being conducted to eliminate any other Indian-sponsored terrorist found in the area,” the ISPR said in a statement.

There was no immediate response from New Delhi to the statement.

Balochistan, Pakistan’s largest province by land area bordering Iran and Afghanistan, has long been the site of a low-level insurgency involving Baloch separatist groups, including the Balochistan Liberation Army (BLA) and the Balochistan Liberation Front (BLF).

Pakistan accuses India of supporting these separatist militant groups and describes them as “Fitna Al-Hindustan.” New Delhi denies the allegation.

The government in Balochistan has also established a state-of-the-art threat assessment center to strengthen early warning and prevention against “terrorism” incidents, a senior official said this week.

“Information that was once scattered is now shared and acted upon in time, allowing the state to move from reacting after incidents to preventing them before they occur,” Balochistan Additional Chief Secretary Hamza Shafqaat wrote on X.

The development follows a steep rise in militancy-related deaths in Pakistan in 2025. According to statistics released by the Pakistan Institute for Conflict and Security Studies (PICSS) last month, combat-related deaths in 2025 rose 73 percent to 3,387.

These included 2,115 militants, 664 security forces personnel, 580 civilians and 28 members of pro-government peace committees, the think tank said.